Highland Global Allocation Fund (HGLB) to Issue Monthly Dividend of $0.09 on October 30th

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0850 per share on Friday, October 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date of this dividend is Friday, October 23rd.

Highland Global Allocation Fund Price Performance

NASDAQ HGLB opened at $6.73 on Friday. The company’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.71. Highland Global Allocation Fund has a 52 week low of $6.50 and a 52 week high of $10.64.

Institutional Trading of Highland Global Allocation Fund

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in Highland Global Allocation Fund by 15.6% during the 1st quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock valued at $1,698,000 after purchasing an additional 28,598 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Highland Global Allocation Fund in the 2nd quarter valued at approximately $1,512,000. Quantedge Capital Pte Ltd raised its position in shares of Highland Global Allocation Fund by 8.9% in the 1st quarter. Quantedge Capital Pte Ltd now owns 188,987 shares of the company’s stock valued at $1,518,000 after purchasing an additional 15,400 shares in the last quarter. Advisory Solutions Group LLC purchased a new position in shares of Highland Global Allocation Fund during the 2nd quarter valued at approximately $852,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Highland Global Allocation Fund during the 4th quarter valued at approximately $325,000. 28.79% of the stock is currently owned by institutional investors and hedge funds.

About Highland Global Allocation Fund

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified, closed-end management investment company. The fund seeks to provide investors with long-term total return by allocating its portfolio across global markets and multiple asset classes.

Its investments may include equity securities, fixed-income securities, investment company securities and other instruments issued by companies and governments in the United States and international markets. The fund’s flexible mandate allows its portfolio allocation to change in response to market conditions and the investment team’s assessment of opportunities and risks.

Highland Global Allocation Fund is advised by Highland Capital Management Fund Advisors, L.P.